13.09.2005 13:00:00
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FileNet and Fair Isaac Team to Offer Powerful Business Process and Decision Management Solution
The combined solution is designed to enhance an organization'sagility by enabling business users across the enterprise to respondquickly to customer demands, changing regulatory standards and othercompelling business events. The ability to make immediate policychanges to business processes without using additional IT resourcesplaces decision management strategies in the hands of businessmanagers, helping to reduce unnecessary steps and improve businessperformance and responsiveness.
"Faced with increasingly competitive markets and stringentregulations, businesses are recognizing the essential role that BPMplays in making informed and timely decisions," said Martyn Christian,chief marketing officer for FileNet. "By bringing together marketleaders in BPM and business rules management, we believe we offer anunrivaled solution that greatly simplifies and reduces the cost ofdeveloping, managing and updating highly complex decision-makingprocesses."
As an industry leader in rules management technology for managingand automating decision management processes and applications, FairIsaac Blaze Advisor complements FileNet's Business Process Managementoffering. The FileNet BPM solution is designed to increase processperformance, reduce cycle times and improve productivity byautomating, streamlining and optimizing complex processes. BlazeAdvisor centralizes the definition, storage and application of themany rules used in business operations to provide organizations withgreater automation, more responsiveness to change and less expensivedistribution and maintenance of their business policy guidelines.
"In FileNet, we found a BPM partner that matched our commitment tohelping companies manage complex decisions and the accompanyingbusiness processes," said Mark Layden, vice president and generalmanager of Enterprise Decision Management Software at Fair Isaac. "Byintegrating with FileNet BPM, our customers can now leverage theFileNet P8 platform's market-leading rules connectivity framework totake advantage of the natural synergies associated with BPM and rulesmanagement solutions."
"The primary purpose of enterprise business rules is to automatedecisions within a business process, including kicking off actions inresponse to decisions," said John Rymer of Forrester Research in the2004 Forrester Research, Inc. report The Path to Enterprise BusinessRules. "The potential range of decisions and actions is immense,ranging from simple responses to business events to complexevaluations of business documents to determine the correct businessprocess."
Fair Isaac Blaze Advisor has been listed as a Leader in Gartner,Inc's Business Rule Engine Magic Quadrants for the past three years.FileNet Business Process Manager has been consistently recognized as aleader in Gartner's BPM Magic Quadrant since the BPM Magic Quadrant'sinception in 2003. Gartner defines Leaders as vendors who areperforming well today, have a clear vision of market direction and areactively building competencies to sustain their leadership position inthe market.
FileNet BPM's event-driven and highly scalable architecturehandles the most complex business processes -- involving millions oftransactions, thousands of users and multiple business applications.Built on FileNet P8, the leading unified ECM platform, FileNet BPM isessential to the enterprise because it enables organizations tostreamline and optimize operations, increase productivity, reducerisk, and make better decisions, faster -- ultimately drivingsignificant competitive advantage for organizations.
Blaze Advisor is part of Fair Isaac's software and solutions forenterprise decision management, which combines data analytics,modeling, and policy-level control to let companies define and managetheir automated business systems for improved efficiency and greaterprofitability. Fair Isaac offers customers a combination of softwareand services allowing an enterprise to quickly implement customizedsystems that lower operational costs, reduce risk, and provide greateraccuracy and consistency of critical business decisions in interactiveand batch applications.
About Fair Isaac
Fair Isaac Corporation (NYSE:FIC) is the preeminent provider ofcreative analytics that unlock value for people, businesses andindustries. The company's predictive modeling, decision analysis,intelligence management, decision management systems and consultingservices power billions of mission-critical customer decisions a year.Founded in 1956, Fair Isaac helps thousands of companies in over 60countries acquire customers more efficiently, increase customer value,reduce fraud and credit losses, lower operating expenses and enter newmarkets more profitably. Most leading banks and credit card issuersrely on Fair Isaac solutions, as do insurers, retailers,telecommunications providers, healthcare organizations, and governmentagencies. Through the www.myfico.com Web site, consumers use thecompany's FICO(R) scores, the standard measure of credit risk, tomanage their financial health. For more information, contactwww.fairisaac.com/rules.
Fair Isaac Statement Concerning Forward-Looking Information
Except for historical information contained herein, the statementscontained in this press release that relate to Fair Isaac, includingstatements regarding its Blaze Advisor software offering and therelationship described herein, and the benefits to be derived fromthis offering, are forward-looking statements within the meaning ofthe "safe harbor" provisions of the Private Securities LitigationReform Act of 1995. These forward-looking statements are subject torisks and uncertainties that may cause actual results to differmaterially, including any unforeseen technical difficulties related tothe implementation, use and functionality of the offering, the risksthat customers will not perceive material benefits from the offering,failure of the products to deliver the expected results, thepossibility of errors or defects in the offering, regulatory changesapplicable to the use of consumer credit and other data, and otherrisks described from time to time in Fair Isaac's SEC reports,including its Annual Report on Form 10-K for the year ended September30, 2004, and quarterly report on Form 10-Q for the period ended June30, 2005. Forward-looking statements should be considered withcaution. If any of these risks or uncertainties materializes or any ofthese assumptions proves incorrect, Fair Isaac's results could differmaterially from Fair Isaac's expectations in these statements. FairIsaac disclaims any intent or obligation to update theseforward-looking statements.
Fair Isaac and FICO are trademarks or registered trademarks ofFair Isaac Corporation, in the United States and/or in othercountries. Other product and company names herein may be thetrademarks of their respective owners.
About FileNet
FileNet Corporation (NASDAQ: FILE) helps organizations make betterdecisions by managing the content and processes that drive theirbusiness. FileNet's Enterprise Content Management (ECM) and BPMsolutions allow customers to build and sustain competitive advantageby managing content throughout their organizations, automating andstreamlining their business processes, and providing a spectrum ofconnectivity needed to simplify their critical and everydaydecision-making.
FileNet ECM products are designed to deliver a broad set ofcapabilities that integrate with existing information systems toprovide cost-effective solutions that solve real-world businessproblems.
Since the Company's founding in 1982, more than 4,000organizations, including more than three quarters of the FORTUNE 100,have taken advantage of FileNet solutions for help in managing theirmission-critical content and processes.
Headquartered in Costa Mesa, Calif., the Company markets itsinnovative ECM solutions in more than 90 countries through its ownglobal sales, professional services and support organizations, as wellas via its ValueNet(R) Partner network of resellers, systemintegrators and application developers.
FileNet Safe Harbor Statement under the Private SecuritiesLitigation Reform Act of 1995:
This release may contain forward-looking statements that involverisks and uncertainties, including statements regarding theanticipated benefits and performance of FileNet's products, FileNet'sproducts' support of industry standards, and integration with thirdparty products, systems and services. Words such as "anticipates,""expects," "intends," "plans," "believes," "may," "will" and similarexpressions are intended to identify forward-looking statements. Amongthe important factors that could cause actual results to differmaterially from those in the forward-looking statements are FileNet'sability to develop, complete, introduce, market, distribute and gainmarket acceptance for its products and technologies in a timelymanner; unforeseen technical difficulties related to the developmentand optimization of FileNet's products or the integration of itsproducts with those of third parties; announcements of technologicalinnovations, new products or product enhancements by FileNet or itscompetitors; general market conditions; and other factors detailed inthe FileNet's filings with the United States Securities and ExchangeCommission, including its recent filings on Forms 10-K and 10-Q.
Note to editors: FileNet and ValueNet are registered trademarks ofFileNet Corporation. All other company or product names referenced inthis release may be trademarks or registered trademarks of theirrespective owners.
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